Rev. Rul. 80-245, 1980-2 C.B. 72

Research and experimental ex­penses; environmental impact studies. A public utility company conducted, and paid another orga­nization to conduct, environmental impact studies to support its appli­cation to state regulatory agencies to expand its generating facilities. The expenses are not research and experimental expenditures within the meaning of section 174 of the Code. However, if not chargeable […]